National Insurance – Industrial All Risk (IAR) Policy

Industries operate with large capital investments, heavy machinery, stock, raw materials, and multiple operational risks. Even a single unforeseen incident—fire, machinery breakdown, natural calamity, or accidental damage—can halt production and lead to massive financial losses. Safeguarding these assets is essential for business continuity.

National Insurance, one of India’s most reliable public sector insurers, offers the Industrial All Risk (IAR) Policy, a comprehensive solution designed to protect industrial units against a wide range of potential risks under a single, powerful insurance package.

What is the Industrial All Risk Policy?

The Industrial All Risk (IAR) Policy is a broad, high-value, and customized insurance plan crafted for medium and large industrial enterprises. It provides coverage for both physical loss/damage to property and consequential losses arising from interruptions in business operations.

Ideal for:

• Manufacturing industries
• Processing units
• Large commercial plants
• Production factories
• Export-oriented units
• Industrial complexes

This policy ensures complete protection for industrial assets and business operations.

What Does the Policy Cover?

The Industrial All Risk Policy includes two major sections:

✔ Section I – Material Damage Cover

Provides insurance for loss or damage to:

• Buildings
• Plant and machinery
• Electrical installations
• Furniture and fixtures
• Raw materials, stock, and finished goods
• Any other fixed or movable industrial assets

Coverage is provided against:

• Fire and lightning
• Explosion and implosion
• Riot, strike, and malicious damage
• Storm, cyclone, flood, and natural disasters
• Impact damage
• Bursting of water tanks and pipelines
• Theft and burglary (with violent entry)
• Accidental damage
• Leakage from automatic sprinkler systems
• Subsidence and landslide

✔ Section II – Business Interruption / Loss of Profit

This section covers financial losses caused due to operational shutdown after an insured event under Material Damage.

It includes compensation for:

• Loss of gross profit
• Standing charges
• Increased cost of working
• Reduction in turnover

This ensures business stability even during downtime.

Key Features of National Insurance Industrial All Risk Policy

✔ All-in-One Industrial Protection

A single policy covering multiple risks, reducing the need for separate insurance plans.

✔ High Sum Insured Capacity

Suitable for industries with large capital investments.

✔ Covers Both Property Damage & Consequential Losses

Ensures financial stability even after business interruption.

✔ Customizable Add-On Covers

Enhance your policy with:

• Terrorism cover
• Debris removal expenses
• Architects’ & consultants’ fees
• Escalation clause
• Machinery breakdown
• Deterioration of stocks in cold storage

✔ Flexible Policy Structure

Can be tailored to match the industry’s scale and risk profile.

✔ Smooth Claims Process

Expert surveyors, quick assessment, and transparent settlement procedures.

Who Should Opt for the IAR Policy?

This policy is ideal for:

• Large and medium-scale industries
• Manufacturing and processing units
• Engineering plants
• Chemical, textile, metal, and food industries
• Industrial estates and complexes
• Businesses with high-value machinery and stock

Industries with significant physical assets and production dependencies benefit the most from this comprehensive protection.

Why Choose National Insurance?

• Decades of trust as India’s leading PSU insurer
• Strong expertise in industrial risk management
• Comprehensive coverage at competitive premiums
• Vast service network and dedicated claim support
• Customized policy solutions for complex industrial needs

Conclusion

Industrial risks can be unpredictable and financially devastating. With National Insurance’s Industrial All Risk Policy, industries get robust protection against property damage and business interruption—all in one comprehensive package.

Protect your industrial assets. Ensure uninterrupted operations. Choose National Insurance’s IAR Policy for complete peace of mind.